Drewry: BRIC nations still forging ahead

Container traffic in the four BRIC nations is seeing significant growth, and after the first half of 2013, the level is 7.1 percent higher than in the same period last year, according to Drewry.

The ports in Brazil, Russia, China and India are still experiencing significant growth, and the most recent report from Drewry Container Insight Weekly notes that growth in the first six months of the year reached a whopping 7.1 percent higher than in the same period 2012. Converted into containers, this number means that the BRIC nations handled 90.7 million teu by the end of July. Last year saw a total BRIC container growth of 7.6 percent compared to 2011.

The huge growth in the recent year significantly outperformed the European ports, which managed to retain the level reahced last year, while North American ports only achieved growth of 1.2 percent.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs